Raymond James Financial Inc. Makes New $287,000 Investment in Bank First Co. (NASDAQ:BFC)

Raymond James Financial Inc. acquired a new position in Bank First Co. (NASDAQ:BFC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,900 shares of the company's stock, valued at approximately $287,000.

Other institutional investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in Bank First in the 4th quarter valued at $189,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Bank First in the 4th quarter valued at about $277,000. ExodusPoint Capital Management LP increased its position in shares of Bank First by 8.6% in the fourth quarter. ExodusPoint Capital Management LP now owns 3,456 shares of the company's stock valued at $342,000 after acquiring an additional 273 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Bank First in the fourth quarter valued at about $349,000. Finally, Intech Investment Management LLC bought a new stake in Bank First during the fourth quarter worth about $397,000. Institutional investors own 29.95% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BFC. Hovde Group raised Bank First from a "market perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a research report on Tuesday, May 6th. Piper Sandler raised their target price on shares of Bank First from $110.00 to $111.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th.

Insider Buying and Selling at Bank First

In other news, Director Daniel C. Mcconeghy bought 380 shares of the stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $105.72 per share, for a total transaction of $40,173.60. Following the completion of the purchase, the director now owns 2,000 shares in the company, valued at approximately $211,440. This trade represents a 23.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael S. Stayer-Suprick purchased 1,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average cost of $102.07 per share, with a total value of $102,070.00. Following the completion of the acquisition, the director now owns 3,035 shares in the company, valued at $309,782.45. The trade was a 49.14% increase in their position. The disclosure for this purchase can be found here. Insiders own 4.10% of the company's stock.

Bank First Stock Performance

Shares of BFC stock traded down $0.13 on Wednesday, reaching $115.88. The stock had a trading volume of 27,479 shares, compared to its average volume of 21,456. Bank First Co. has a 12 month low of $77.00 and a 12 month high of $119.04. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 17.83 and a beta of 0.42. The firm's 50-day moving average is $105.00 and its two-hundred day moving average is $102.93. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.20. Bank First had a return on equity of 10.53% and a net margin of 29.00%. The firm had revenue of $43.10 million for the quarter, compared to the consensus estimate of $41.80 million. On average, research analysts expect that Bank First Co. will post 6.9 EPS for the current fiscal year.

Bank First Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 9th will be paid a $3.50 dividend. The ex-dividend date of this dividend is Friday, May 9th. This is a boost from Bank First's previous dividend of $0.20. Bank First's dividend payout ratio is 26.43%.

Bank First Profile

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.